Fact #56 MoneyTactics

$2,000-$7,000charged per fake PPP loan application by one Kansas City preparer

A Kansas City woman charged $2,000 to $7,000 a time to prepare 43 fraudulent PPP loan applications using counterfeit IRS forms, earning at least $75,833 before she was caught.

Renetta Golden-Larimore's 43 funded applications cost the Small Business Administration $908,278. She was one of 21 people charged across seven related cases, and was sentenced in 2025 to 51 months in prison.

Source: US Internal Revenue Service, Criminal Investigation. Read more: ppp loan fraud · case file

Sources

  1. Leader of PPP Fraud Scheme Sentenced to 51 Months in Prison. US Internal Revenue Service, Criminal Investigation. Accessed 2026-10-02.